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ADJUSTABLE RATE RIDER 8��. o i �r s o (I Year Treasury 111 t•lRateCAP) THM ADIUSI'AIIL,B RATB RIDER is made this 3rd day of April 19 8S and is isoa lsormd into and shall be deemed to samd and atrpplimi nt the Mor4w, Deed of Trust, or Stsmsity Deed (the "Security ItWrntseat ") or the name elate given by the unders aed (else "BOrrosm") to seem bmwa's Adjusto a Rate Note (tbe "mete") to MOMS MLML M MU A LOW AMOCIATWM OF GRAND lsiLAMD, N98RWA (the "LendQ ") or else same: rue and ,aver the propersydneribed in theSecurity burrment and towed at: 1722 Tril ,innd Lane. Grand Island. Nebraska 68803 (Prope"Address) Tutu one eaalstats /evrYlaa afawYg fw down IN sp hum sat Gat so ago" /s=maaM M 1110111111111 swill lira ttmat M tars Ylnaat me era eit up at aq eta td■ts asst abaft wishanan sat clue arndassm not Gras pay. ADDITIONAL COVEN.. . in addition to the covenants and agreements made in the Smdty Imate mint. Boerowra and I:,adQ further covenant and atcse wfW nes: A. MEREST RATE AND MONTHLY IPAYM NT CHANGES The Note provides for an initial interest r*e of 12.0 Sir. Section 4 of the Nola provides for d emW to rife InUmat We ...a the monthly payments. t follows: 4. MIEREST RATEAM MOMTMLY PAYMENT CHANGES (A) Ctusp IDan May 90 The intsrest rate I will pay may clrtat�on the first; day of y 19 aado>s that d►y erQy months thereafter. Each date on which my intent rate torrid cbsttgeis caked a "CltaapQete." A) itie Imes Beginning with the first Chimp Date, my interest rate will be based on an Index. The " minx' - is tbp weddy avow Add on United States Treasury swuritks adjusted to a constant maturity of I year. as malt usflable by the Federal Reserve Howl. The rMW reeent loft figure available as of the date 45 drys before each change Date is called the " Cu,_ eat index." If the Indat is no Ida available, the Note Holder will choose a new index which is based upm oompKt»z>atbratatlem. The Note HOW= will jiveme noticeai'ft choice. (C) lasW"Maci ages Before each Champ Dam the NowHeJ a will calculate my new interest rate by adMU three $ one -Half pQMUO Points r. 1- 95 ; to the c urrent Indeat and rounding to the nearest 118tH of 1%, subject to this Uu tt turfed in Srecdon 4(D) bdow. Thin rounded amount will i* art new interest rate until the am Change Date. The Note Holder w-,If tired determine the amount of the monthly payment that wOUM be suMdayt to rem in full the prbcipat I am eatpected to owe= that Champ Date in substaatWly equal payments by (1, maturity date at my new its WW tale. The mea ti of 11bit takutadon will be the nens"adont of Mrnontlrly payment. (D) IM& so biasttsarMw Mann The interest me 1 required to pay at the first CbWP slate will not be Vega then U4 % or less than lQ . %- Thereafter. my tares Best rate will never be: inctMd or *creased on any dnde Chaaga Da ion= that t_o ._ `�r_...,trom the rate of interest I base been paying for the prooediny twelvemonths. The mlalnmtm inttnst MUM this lmw w111 never be less than Q - t1 % and the maximum intadX rate will never be grater than. 16.0 01b. (E) Etfardwe Date of Cie "m My new fmterest rate will become effective on each Chaade Date. I will pay the amount of my new m athly paymmt beSha a/ on the tint monthly paXmmt date after the Change Date until the amount of my monthly payment dattgm again, M !r wer of Llasgsa The Note Holder alit marl or deliver to me a notices before cads Change Date. rm notice will advfaa m oft (1) the netts Interwar rate on my loan as of due Change Dater (i;) the amount of my monthly asyment followlmg the Change Date; ( iii) any additional nutters which an Note Holder is required to d'racimr. and (iv) the address of the ataodation you could contact rgprding any gMtlom about tiro ad jUmetlt courts. IL CHARGES; LMNS Uniform Covenant 4 of the Security Instrument is ameaekd to read as folStttsrr: 4. Ctiargn; glees. Borrower shell Day all taxes, arsamwts, and other d4'sargee. tines. Gad )mpoddM attributable to the property which may attain a priority over this Security lorwumeat. and tatsehoid payments of lroad renu, if any, In the mantim ptovWet taadsr paregTo 2 hereof or. if not paid in such manner. by Borrower malting payttseni, when due. directly to the payee thereof, Aorsowar g W[ promptly fltrubb Lender all ruction of amounts due tinder this psragrsph, and In the event Borrower shall mate paymmt diri ft, Bosom Shall pramptty furgM to Leader reoeapts evidexing such payments. Borrower shall promptly diuharpe Goy Ism which has priority am ebb Swwky Instrument; however, Borrowers shall not be required to discharge any such lien so long u Borrower: (a) shall Mw in writing to this paymt of the obtiption secured by such lien in tbeataamer acceptable to Leader; (b) $hall in good faith contest such Iles by, or deemd sStdul eatforo meat of such Gen ire, kpi proceediap which in the opinion of Lender operate to prevent the enforoarmsat of the on a fodiihare of the Property or any Part tbered. or (c) Shan secure from the holder of ouch Gen an agreement in a form wtisfutory to bender t w bor SeemelyI>vat�. dtaat(nt; roth lien to this It Leader determines that dl or any part of the Property is subject to a rim which may attain a priority over this Satatrity Instrument. Leader shall She amowa a notice ideet IAM web tiro. lorrower $hill satisfy such item or take one or orate of the action set forth above ..idoinC:,.6t�tti+�vftiDemtitx. , LUmifarar Covenant 14 of the Security Itutrumtnt it unended to gad u follows: U: tY"w Except for any notice required under appikable law to be given in another manner. (8) any notice to Harrower provided for in this Security lostrument $hall be given by delivering it or byrnaiGng it by riot class mail to Borrower at the Property Address of at such other address as Borrower may desiSute by notice to Lender u Provided herein. and (b) any notice to Lewder shall be gavot by first elm mail to Lender's ttddrtss stated herein or to such oihetaddre" as Ltmrlcr may designate by notice to Borrower as provided heMn. Any nodceproti:ded tot in this Security lnstrutnent that) be domed to have been given to Borrower or Lender when given in the manner desi gr atad herein. , ' `- . r r 0. . V